VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 10.1% in the third quarter, Holdings Channel reports. The firm owned 6,682 shares of the information services provider’s stock after selling 748 shares during the period. Crossmark Global Holdings Inc.’s holdings in VeriSign were worth $1,270,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VRSN. Blue Trust Inc. grew its position in VeriSign by 291.1% in the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 131 shares in the last quarter. UMB Bank n.a. boosted its position in VeriSign by 117.2% in the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after buying an additional 109 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of VeriSign during the second quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VeriSign during the second quarter worth about $39,000. Finally, Concord Wealth Partners boosted its holdings in VeriSign by 93.2% in the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

VeriSign Stock Up 0.5 %

Shares of VRSN opened at $184.99 on Thursday. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 21.51 and a beta of 0.91. The business’s 50 day moving average is $183.90 and its two-hundred day moving average is $179.41.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The business had revenue of $390.60 million during the quarter, compared to the consensus estimate of $390.19 million. During the same period last year, the firm earned $1.83 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Insider Activity at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total value of $233,320.00. Following the completion of the transaction, the executive vice president now owns 33,593 shares of the company’s stock, valued at $6,382,670. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the transaction, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the sale, the executive vice president now directly owns 34,821 shares in the company, valued at approximately $6,615,990. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

About VeriSign

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.